An improvement of an integrated single-vendor single-buyer inventory model with shortage

An improvement of an integrated single-vendor single-buyer inventory model with shortage

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Article ID: iaor2009815
Country: United Kingdom
Volume: 19
Issue: 3
Start Page Number: 275
End Page Number: 277
Publication Date: Apr 2008
Journal: Production Planning and Control
Authors:
Abstract:

Wu & Ouyang discuss an integrated single-vendor single-buyer inventory system with shortage derived algebraically and present an algorithm to solve it. Because of an integer constraint for one of the three decision variables, their proof of a global cost minimum is incomplete. This note justifies the algorithm described by Wu & Ouyang.

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